TRX is trading around 360 (0.618 fib level) right now trend reverse is possible from 358 as it is the lowest point of the blue uptrend lowerline but There are 2 possible scenarios for TRXBTC:
1) If TRX goes below 358 and reaches to 352-354 zone (lowest point of the black line) a trend reverse is possible from there.
2) If TRX breaks the black line and reaches to 351 a breakout may occur which after confirmation the established downtrend will continue. In this case can the extended triangle chord (lowest red line) play as a strong support and form a Ascending Triangle?
DONT GO LONG BEFORE CONFIRMATION.
1) If TRX goes below 358 and reaches to 352-354 zone (lowest point of the black line) a trend reverse is possible from there.
2) If TRX breaks the black line and reaches to 351 a breakout may occur which after confirmation the established downtrend will continue. In this case can the extended triangle chord (lowest red line) play as a strong support and form a Ascending Triangle?
DONT GO LONG BEFORE CONFIRMATION.
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